jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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March 25, 2017, 01:52:35 PM Last edit: March 25, 2017, 02:15:15 PM by jonald_fyookball |
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This question is all about supply and demand.
The supply side is fixed for now (1mb).
Here's what you have to understand about the demand side: Demand can be (and I would argue already has been) reduced BECAUSE of the limited supply.
In other words, everyone saw what happened when the mempool got bogged down. Wait times and fees skyrocketed. As a natural result, people start using altcoins (Ethereum is going to the moon right now) or just avoided crypto altogether. New users were discouraged and old users started looking for alternatives. Therefore, the demand was reduced.
So when you see less than full blocks, please be honest with yourself and be discerning: Lower demand is NOT necessarily the same level of demand that there would be without a fixed supply, but almost certainly due in part to artificial scarcity combined with a growing set of viable alternatives.
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P.S. The 'blocks aren't full, its just spam' argument doesn't hold water for me. Sure, there has been some spam, but consider that:
a) The undeniable long term trend has been toward fuller and fuller blocks b) Spam or not, its still a full block. Spam is a recurring phenomenon, so while it may 'external' to the intended system, its an irrelevant point to whether blocks are full. c) Bigger blocks are the only way to meaningfully mitigate spam. There's no way to guarantee its elimination but the bigger the block, the more expensive it is to maintain a spam attack.
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